Iran, Russia sign $2.5bn Construction, Energy Deals

By John Lee.

Trade Arabia reports that Russia and Iran have signed a $2.5-billion deal on construction of a thermal power plant in southern Iran and electrification of a railway line.

The power station is to be built in Bandar Abbas, while the railway line connects the towns of Garmsar and Incheborun.

The countries also signed a roadmap on trade and industrial cooperation, and a memorandum of understanding between Russia’s Exiar and Iranian banks Parsian and Pasargad.

(Source: Trade Arabia)

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